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Football betting types explained

Where to start with football betting? Football betting is a massive concern for bookmakers because it makes up such a huge chunk of their turnover. The popularity of football betting has grown and grown and with so many different football betting types available for a match, where do you start? Right here, with an explanation of some of the most common types of bets placed on football matches.

Match Bet

This is the most common bet that will be placed on football matches. This is the prediction of the outcome of the match. You can either back a home win, a draw or an away win. Those are your three options and you just place your wager on one option if you are happy with the price that you are being offered on the outcome. Match Bets are also commonly referred to as Match Outrights, WXD or 1×2. It’s all the same thing, the X simply standing for the drawn outcome.

Correct Score Bet

hugely popular market because of the long odds that are in there (and the bragging rights for landing a winner!). It is hard to pull off a correct score bet because of so many potential outcomes. However, the best way to approach a correct score option is starting by deciding whether the game or not is going to going to be a high scoring one. If you are expecting a low scoring game then you can narrow your options down on the favourite to win 1-0, 2-0 or 2-1. The appeal in the market is the huge odds because even the shortest priced option in the field is going to probably be around 6/1.

Betting on First Goalscorer or Anytime Goalscorer

The first goalscorer market is an unpredictable market. If there is a match where a striker who is in great scoring form is featuring, or a certain player has a great history of scoring against the opposing team, then the First Goalscorer market could be targeted.

It’s generally never a sound idea to throw a lot of money at this market because of its unpredictability. Punters will usually see the better coverage in backing a player to score at anytime in a game instead of backing them as the first goalscorer. Why? It eliminates some liability.

Let’s say Player A is in great form and is a 5/1 First Goalscorer option in a game. He will have at least a one in 20 shot of being the one to open the scoring (twenty outfield players starting a game).

But look at him at a price of 6/5 to score anytime in the game, and that’s still a decent price and you are cutting down the risk (as well as the odds) by not defining him in such a niche area as being the first one to score.

Half Time/Full Time

If Barcelona was playing a match in the UEFA Champions League against someone like Malmo, it would naturally be assumed that the Spaniards would be heavy favourites and at an odds-on price.

But looking at the Half Time/Full Time market splits the outcome of the match into two (but contained in the same bet). The Half Time portion being the half time result and the Full Time portion being the result at the final whistle

. So with this bet you can make a call on who will be winning at half time (or a draw) and what the final result will be. If a strong team has scored most of their goals in the second half of a game and they are opposing a team who may well frustrate and hold out for 45 minutes, you can could take better value in backing the stronger team (in this case Barcelona) in a Draw/Barcelona Half Time/Full Time bet for a much better price than just backing them to win the game outright.

Double Chance Bets

This is a market for backing a team who are slight underdogs in a match. The Double Chance option will allow you to back a team to either Win or Draw the match, giving you double the chance of taking some returns. Of course this comes at reduced odds when compared to taking one of the options in the outright match betting market. But if there is a hint that an underdog may pull off a shock win, but should in a worst case scenario take a draw, then this market can offer an alternative betting approach.

Draw No Bet

This is a football betting market which can cover a fair amount of scenarios. The premise of this bet is that you are taking insurance in case the team you back happens to draw the game. It is essentially the same as backing a winner in a Match Bet, say Manchester City to beat Chelsea, but if Chelsea were to hold out for a draw then you would get your money back. There will naturally be a cost of lower odds than backing a team to win in the outright market.

Each way bet

An each way bet is a very common term. This is usually applied to tournament or league betting. Just like an each way bet in horse racing, you are covering a place finish. A place finish is usually 2nd, 3rd or 4th. Having a selection finish in one of the designated ‘places’ you will be paid out at 1/4 odds (the most common percentage payout for a place market). So let’s say you backed Liverpool to win the English Premier League at a price of 8/1. If you had bet £1 on Liverpool and they finished second, third or fourth in the league you would be paid out at 2/1 odds for a £2 win.

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